MIRA
INFORM REPORT
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Report Date : |
22.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
S & V INDUSTRIES, INC. |
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Registered Office : |
733 W Market St Suite 106
Akron, OH 44303 |
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Country : |
United States |
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Date of Incorporation : |
22.12. 1993 |
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Legal Form : |
Corporation for Profit |
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Line of Business : |
Wholesales Chemicals and
Allied Products. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 500,000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
500,000 USD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
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Company Name: |
S
& V Industries, Inc. |
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Address: |
733 W Market St
Suite 106 Akron, OH
44303 USA |
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Phone: Facsimile: ID: State: Managers: |
330-253-1986 330-253-7375 859821 Ohio Selva Annamalai,
President |
Date founded: |
Dec 22, 1993
Corporation for Profit N.A. N.A. Employees 38 |
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Legal form: |
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Stock: Value: |
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Staff: |
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Business: |
Wholesales Chemicals & Allied Products. |
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BANKS
Firstmerit Bank.
BUSINESS
Operations:
At the above address, we find the headquarters of the company S & V
Industries, Inc.
Activities:
S & V Industries, Inc provides engineering and polymeric products
and services to the OEM.
The products it supplies include oil seals, power transmission belts,
mud flaps, rubber matting, castings, forgings, and machined components, as well
as whole tire and rubber pieces for the tire and rubber industries.
The company has partnerships with more than 25 manufacturing facilities
in India and China to make most of its products. S&V sells its products
mainly to customers in Europe and the Americas.
Business
Overview:
Demand is closely tied to the level of US manufacturing production.
Because many operating costs are fixed, profitability depends on operational
efficiency, particularly inventory management. Smaller companies can compete
effectively by providing specialized supplies or superior service (delivery
service and product expertise). Large distributors with a network of warehouses
and outlets can maintain a lower inventory/sales ratio. The industry is highly
automated: average annual revenue per worker is close to $500,000.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The Directors of the company
are:
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Senthil Kumar, CEO,
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Joan M. Owens, VP Operations,
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Selva Annamalai, President.
They
are the main shareholders.
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
S & V Industries does not publish any
financial statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
22,300,000 |
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Operating profit |
1,400,000 |
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Net income |
980,000 |
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Net worth |
1,500,000 |
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Liabilities |
3,000,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Security Filing in 2008 by Dollar Leasing Corp securing Equipment Amount :NA
2 UCC Security Filings in
2007 by IBM Credit LLC securing Equipment. Amount NA
1 UCC Security Filing in
2007 by Firstmerit Bank N.A. securing All Assets. Am,ount NA
All previous UCC Security
Filings have been cleared
PAYMENT REFERENCES
Date High Credit Now
Owing Past Due Terms Payment
Record
RATING
Local credit bureau gave a satisfying credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
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The cash flow is good.
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Payments are made on 35 days nets.
Our final opinion:
This is a medium size
company working worldwide.
A credit line may be
considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS
AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Medium Controlled Good |
PUBLIC PAYMENTS |
See Details Above Regular |
ADVISED
CREDIT
500,000 USD
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a
composite of weighted scores obtained from each of the major sections of this
report. The assessed factors and their relative weights (as indicated through
%) are as follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)